from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The situation in a futures market where prices for future delivery are lower than prices for immediate (or nearer) delivery. Generally arising from a near-term shortage of a commodity.
- n. fee paid by a seller on settlement day either to the buyer or to a third party who lends stock, when the seller wishes to defer settlement until the next settlement day.
from the GNU version of the Collaborative International Dictionary of English
- n. The seller's postponement of delivery of stock or shares, with the consent of the buyer, upon payment of a premium to the latter; -- also, the premium so paid. See contango.
from The Century Dictionary and Cyclopedia
- n. On the London Stock Exchange, the premium paid by a seller of stock for the privilege of postponing its delivery to the buyer until the next fortnightly settling-day. See contango.
backward + -ation (Wiktionary)